Aug 03, 2024 03:01 AM
FINANCE
Saudi Fund’s $50 billion Bank Deals Deepen Ties With China
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
(Bloomberg) — Saudi Arabia’s wealth fund signed preliminary agreements worth as much as $50 billion with six Chinese financial institutions, in the latest example of the kingdom’s deepening ties with Beijing.
The deals were done to boost two-way capital flows through both debt and equity, according to a statement from the $925 billion Public Investment Fund (PIF).
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
Share this article
Open WeChat and scan the QR code
- PODCAST
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新